CAG report: Agriculture bank diverted cash for loans

While farmers in Tanzania are facing lack of funding from financial institutions, the Tanzania Agricultural Development Bank (TADB), which was specifically established to finance the sector, diverted huge amounts of cash to unintended purposes. According to the Controller and Auditor General (CAG) audit report for the financial year 2016/17, the bank did not adequately perform the functions for which it was established....

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Published By: The Citizen - Thursday, 19 April

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